Australia's Sigma Healthcare falls after Jefferies trims PT on slower Chemist Warehouse sales growth
BUZZ-Australia's Sigma Healthcare falls after Jefferies trims PT on slower Chemist Warehouse sales growth ** Shares of Australia's Sigma Healthcare SIG.AX fall as much as 5.1% to A$2.685, their biggest intraday pct drop since August 27
** Stock hits its lowest level since October 12
** Jefferies cuts its price target on the pharmacy retailer to A$3.15 from A$3.20 after the company's AGM update showed Australian Chemist Warehouse like-for-like sales growth slowed to 9.8% in FY27 year-to-date from 13.4% in FY26
** Brokerage says softer discretionary spending and fading impact of an initial GLP-1 sales boost weighed on Australian growth, though international operations accelerated
** Jefferies cuts its FY27 EPS forecast by about 2% and FY28 EPS forecast by about 3%
** Sigma stock down 6.6%, YTD, including session moves
(Reporting by Roshan Thomas in Bengaluru)
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